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    Author Archive for: "FernandoCaetano"
     Is TAP being prepared for privatisation?
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    By Fernando Caetano
    In News, TAP, Tourism
    Posted 27 Maio, 2022

    Is TAP being prepared for privatisation?

    The Portuguese Government, through its tourism bureau Turismo de Portugal, appears to have backtracked on statements said to have been made by its president that Portugal’s northern region should [...]

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     Vista Alegre cuts losses in Q1
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    By Fernando Caetano
    In Companies, News
    Posted 27 Maio, 2022

    Vista Alegre cuts losses in Q1

    The Portuguese fine bone china and crystal glass company Vista Alegre has reduced its losses in Q1 to €300,000. The company registered a business turnover of €30.3 million, up 59.6% like-for-like [...]

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     Bright Pixel doubles investment
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    By Fernando Caetano
    In News, Venture Capital
    Posted 27 Maio, 2022

    Bright Pixel doubles investment

    Sonae is to pump €300 million into its technology investment venture capital subsidiary in an investment that will double the amount it has already invested since 2016. Bright Pixel Capital, [...]

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     Efacec posts losses of €21.5 million for Q1
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    By Fernando Caetano
    In Companies, News
    Posted 27 Maio, 2022

    Efacec posts losses of €21.5 million for Q1

    Efacec posted a consolidated loss of €183.9 million, an operational loss of almost €40 million, and a net debt of €193 million for 2021. However, the figures for the first quarter of 2022 seem to [...]

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     15 most influential figures in Portugal tourism announced
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    By Fernando Caetano
    In News, Tourism
    Posted 27 Maio, 2022

    15 most influential figures in Portugal tourism...

    The Leaders in Tourism awards were handed out at a ceremony held at NOVA SBE in Carcavelos near Lisbon on Thursday in the presence of the Minister of the Economy and Sea, António Costa Silva. [...]

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     Hotel bookings close to 2019 levels
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    By Fernando Caetano
    In News, Tourism
    Posted 27 Maio, 2022

    Hotel bookings close to 2019 levels

    Bookings for Portugal’s hotels and guest houses is almost back to the record levels seen in 2019 with the Algarve leading the top of the reservations table. “The forecasts that we have for this [...]

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     Banco de Fomento: still no chair
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    By Fernando Caetano
    In Bank of Portugal, Banks, News
    Posted 25 Maio, 2022

    Banco de Fomento: still no chair

    The Bank of Portugal is said to be running out of patience for a new chairman to take the helm at Portugal’s new development bank Banco de Fomento. A year ago the Government tried to find a [...]

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     Company linked to Isabel dos Santos ordered to return €83 million
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    By Fernando Caetano
    In Angola, Companies, Luanda Leaks, News
    Posted 25 Maio, 2022

    Company linked to Isabel dos Santos ordered to ...

    A Portuguese court has ordered that €83 million syphoned from Angola’s State oil company Sonangol into a company owned by Isabel dos Santos, should be returned. The money had been seized from a [...]

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     Bank of Portugal gold increased 4.3% in value in 2021
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    By Fernando Caetano
    In Bank of Portugal, Bullion, News
    Posted 25 Maio, 2022

    Bank of Portugal gold increased 4.3% in value i...

    Bank of Portugal gold reserves increased 4.3% in value in 2021 on 2020 to a total of €19.8Bn — almost 10% of national GDP. It meant that the increase in value of national gold reserves were able [...]

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     Portuguese take-home pay 72% of gross salary
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    By Fernando Caetano
    In Labour, News
    Posted 25 Maio, 2022

    Portuguese take-home pay 72% of gross salary

    The Portuguese State takes 28% of employees’s pay on average after taxes and social security contributions. In other words the average worker takes home 72% of gross salary according to the [...]

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